MOORE COUNTY’S
LEADING
NEWS-WEEKLY
TTHIB
A Paper Devoted to the Upbuilding
VOL. 13, NO. 19.
Sr ^»xabthaob O
KACUe
SPRINGS
VASS
LAKEVIEW
MANUBV
JACK SOM
SPRINOS
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HKICHTS
PtNSeUiFF
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PILOT
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FIRST IN NEWS,
CIRCULATION &
ADVERTISING
of the Sandhill Territory of NS
‘lina
Aberdeen and Southern Pines, North Carolina, Friday, April 7, 1933.
FIVE CENTS
BILL TO MERGE
aOSED BANKS
IS INTRODUCED
Page Trust Company Among 22
Institutions Planning Stale-
Wide Depository
DEPOSITORS TO DECIDE
At a joint meeting of the House
and Senate committees on banks held
in Raleigh Tuesday night the bill in
troduced by Representative Randolph
of Swain to permit banks to reorgan
ize through purchase of new stocks
out of deposits when less than one-
third of the depositors’ object, was
reported favorably to the House.
The bill, which is modelled on a
Maryland law, is greatly desired by
22 banks in the state now operating
under restrictions which are desirous
of forming a statewide organizaton,
whch would embrace 48 towns.
Numerous officers from the 22
banks affected, including Ralph Page
of the Page Trust Co., and N. S. Cal
houn, president of the North Carolina
Bank and Trust Co., were present for
the meeting and Mr. Calhoun address
ed the committee, informing members
that $14,185,000 in unsecured depos
its are represented in the proposed
merger and that the 20 per cent
which depositors would receive im-
n*ediately is much more than usually
paid under liquidation, when the av
erage time required for the initial
dividend is nine months.
The bill was presented to the com
mittee by Kenneth C. Royall, attor
ney, of Raleigh and Goldsboro, who
drew the proposed merger plan for
the Banking Department, and who is
chairman of the executive committee
working out plans for the merger.
30 Days to Object
Mr. Royall explained that all stock
holders and depositors would be giv
en 30 days’ notice of the reorganiza
tion and an opportunity to register
their objections, and that if less than
one-third of the depositors went into
court and objected the plan woulj go
through, but each objector would have
the right to have a Superior Court
judge find the value of his or her
claim and would receive payment
either in cash or in a participating
certificate.
Several questions regarding the
bill, which marks, a departure from
the pre^jent law lequiring affirmative
consent of depositors, were asked by
Representative S. C. Brawlcy and
Senator John Sprunt Hill, both of
Durham, but no objection was made
to a favorable report on the bill.
The committee also reported fav
orably a bill sponsored by Commis
sioner Gurney P. Hood which would
prevent banks from engaging in the
security business except in United
States, North Carolina and municipal
bonds. On all other types of secur
ities the banks would be prevented
from Any /underwriting operations
and could only act as agent of a cus
tomer in mking an individual pur
chase.
Tennis Stais Here for
Tournament Next Week
Leading Players of Country To
Participate In Annual Pine-
hurst Classic
Stars of the first magniture—in
tennis circles—will be here next week
for the annual North & South tour
nament which starts on the courts of
the Pinehurst Country Club on Mon
day. Matches will be played in Men’s
singles and doubles, mixed doubles
and womens singles.
Candidates for the 1933 American
Davis Cup team will be here to com
pete, this tournament being one of
the tryouts for the coveted places on
the team which is expected to wrest
the famous trophy and world’s cham
pionship from France this summer.
Among those expected to be seen in
action during the week are Frank
Shields, Gregory Mangin, who recent
ly won the national indoor title for
the second year; J, Gilbert Hall,
Berkeley Bell, George M. Lott, John
VanRyn, Wilmer Allison, Dr. Eu
gene McAuliffe, Clifford Sutter, How
ard Voshell, Sidney Wood and others.
Ellsworth Vines, national champion,
is not expected to appear.
Avery Memorial
Portrait of Judge, Father of
Aberdeenian, to Be Present*
ed in Supreme Court Tues.
On Tuesday, April 11th, at
10:00 a m., the Hon. Josephus
Daniels will present to the assem
bled Justices of the Supreme
Court of North Carolina, in the
Supreme Court Chambers at Ral
eigh, a portrait of Judge Alphonso
Calhoun Avery of Morganto , N.
C., a former Justice of that
court, and father of L. T. Avery
of Aberdeen. The presentation
ceremony will be witnessed by the
members of the Avery family, one
of North Carolina’s oldest and
most prominent families, who are
giving the portrait.
Judge Avery was born in 1835,
at Swan Ponds, ancestral Avery
home near Morganton. After ac
tively participating in the Civil
War as Major and a member of
the staff of General Hood, he be
gan his cai-eer of public service as
a member of the State Senate. He
was a member of the Convention
that revised the State Constitu
tion in 1875. Following several
terms as judge of the eighth and
tenth Judicial Districts, he was
elected .Associate Justice of the
Supreme Court. After retirement
from the bench, he had an exten
sive practice in the courts of West
ern North Carolina until his
death in May 1913.
CHORAL CLUB AND
SCHOOL TO GIVE
JOINT CONCERT
Miss Catherine Stocquart Piano
Soloist for Musicale at
Southern Pines
NEXT THURSDAY NIGHT
SEEKS STATEWIDE
LEAGUE TO FIGHT
FOR ECONOMIES
Moore County Taxpayer’s Move
ment in Protest of Continued
Burden is Growing
The Moore County Taxpayers
League announces that good progress
has been made during the past two
weeks in the effort to combine the va
rious county organizations of taxpay
ers into a statewide league. In tell
ing of the plans to effect such a com
bination Edgar Ewing, manager of
the Moore County League, said:
“As soon as the General Assembly
has taken final action on the appro
priation and tax bills we propose to
call a meeting of representatives of
taxpayers' lorganizations from all over
All lovers of good music and those
who believe that interest and partic
ipation in it is one of the most press
ing needs of the average community
today will not want to miss the joint
concert to be given by the Southern
Pines Choral Club and the Southern
I Pines School next Thursday, April
j 13th in the school auditorium at
j eight o’clock. The Choral Club, num
bering about thirty active members,
residents of Southern Pines, Pine
hurst, Aberdeen and Pinebluff, has
been rehearsing regularly under the
direction of Frederick Stanley Smith
who is also in charge of the school
music. The club has sung some twen
ty different compositions this season,
all of them of the highest typo of
choral music and some of no I'ttle
difficulty. While maintaining a high
standard of quality the piogranis of
the two concerts already given this
season have presented music of a
melodious character readily enjoyed
by the average listener. This will be
true of the final concert on Thursday.
The various school grades and the
High School Glee Clubs will take im
portant parts in the program and
those who have visited the -'chool
music classes or have heard the chil
dren sing at the previous concerts
need not be reminded of the rare
pleasure afforded by well trained
childrens’ voices singing some of the
fine old folk tunes.
The soloist at the concert on Thurs
day will be Miss Catherine Stocquart,
pianist. Catherine Stocquart, F. A,
G. 0., pianist and organist is the
daughter of a noted Belgian lawyer
in international law. Her mother is
Scotch, pure Stewart clan. Miss Stoc
quart studied music in Brussels, H_*i-
gium at the Conservatory there, aud
111 Fated “Akron” Over Pinehurst
With 76 men aboard, the Akron, world’s largest dirigible, dropped into
the Atlantic ocean at an early hour Tuesday morning, carrying 72 to watery
graves. Four were rescued, one of whom died later of exposure. Among the
lost was Admiral William A. Moffett, chief of the Navy Bureau of Aero
nautics. The above photograph was taken by John Hemmer when the .Akron
sailed over Pinehurst last summer on its way to the Pacific coast, and shows
it passing the tower of the Carolina Theatre building.
Unusual Meteoric Display in Skies
Here During Monday Night Storm
By Bion H. Butler
, been able to detect and had my eye
The most interesting spectacle that | on a faint light in the quarter where
I can remember seeing in the sky at | he should be, when suddenly a bright
night flsahed above the eastern hor- j light broke from the west just be-
izon Monday night prior to the break- low the group and shot to the north
ing of the hail storm that visited east over a considerable area, and
Southern Pines. That storm hardly ’ diseppeared behind a large bank of
reached my house two and one-half w'hite clouds that was preceding the
miles southeast of the village. It was storm.
working up in the early evening. From an indefinite flash of bril-
the lightning visible over the hills, liancy the object opened out into a
toward Carthage and Vass, and I large glowing red ball or cluster of
watched it somewhat as it developed,; fragments about half the diameter
as it showed evidences of magnitude, j of the moon, moving rapidly to the
But the thing that led me out to the northeast, a trail following that nar-
knob in front of the house at inter-1 rowed down to streak some distance
vsl»4o look at the sky was the group-! behind. The color was that of red
ing of Jupiter, Mars and Neptune,' hot iron, possibly slightly tinged
rising as darkness approached and ad- j with an orange glow, which was re-
vancing in the eastern sky. The moon, i fleeted from the clouds that were
just out of its first quarter, had ^ gathering to the east, and lighted
climbed on over the meridian and; up the distant darker clouds over to
was following the sun to the west, j the northwest where the storm was
leaving the eatsern sky brilliant with j developing, but which still seemed
a cluster of stars now seen in that: rather far away. The entire eastern
the state. It now seems obvious that pjay the first move-
only by combined effort can we Ketin^e^t the Grieg Concerto in A
quarter. I was trying to get a glimpse j
at the Guild Hall School of Mupic injof Neptune, which I have never yetj (Please turn to page 4)
London, England. She has also stud- j ——— — ——
ied in Philadelphia with William T.
Timmings, F. A. G. O., noted organ
ist, composer and teacher. Last June
she successfully passed the test fo*"
the degree of Fellow of the Ameri
can Guild of Organists. Since 1922
Miss Stocquart has been teaching in
the fashionable Ogontz School for
Farmers’ Mutual Exchange Filling
Long Felt Want in Moore County
The Farmers Mutual Exchange or
ganized in the county this spring
seems to be filling a long felt need,
This is an organization of farmers
doing their purchasing together. At
relief from the crushing tax burden j^e piano and orchestra, I present time there are 48 of
that is impoverishing the farmers, | orchestral part being played on a
manufacturers and merchants of| j.g^.on^, pjano by Mr. Smith.
North Carolina. President Roosevelt | 75^ ,,.i„ on
promised the people of America a; Pharmacy
new deal and was swept into office j Monday, April 10th and at the 1 jj,ices. In the warehouse at Carthage
by an overwhelming majority. So far;
as federal government can go that |
promise is being fulfilled. But
these organizations in operation
throughout North Carolina, which
gives them tremendous buying power
and enables them to get the best of
farmers or to anyone else who makes
purchases from the Exchange.
Whether you are interested in buy
ing or not it will pay one to visit the
Exchange, located in the George Car
ter Warehouse near the railroad sta
tion at Carthage and look over the
stock now on hand.
Southern Pines May
Invite Movie Industry
No Revaluation
of Property in
County in '33
Commissioners Decide on Hori
zontal Cut in Present Values
or Kate, or Both
LESS TAX IN ANY EVENT
Any idea of revaluation of prop
erty in Moore county this year was
put to rout this week by the County
Board of Commissioners in the in
terest of saving the several thousand
dollais which such a plan would in
volve. The board discussed the pros
and cons of the proposition and de
cided in favor of a horizontal cut in
present valuations or rate, or both,
rather than a revision in individual
property values.
The amount of reduction in valua
tion or tax rate thereon will be de
cided at a later meeting of the com
mission, Chairman Wilbur H. Currie
said on Tuesday There is no question,
he said, that a substanti:.] reduction
will he made, either in the form of a
decrease in present listings or in
the rate to be paid, or both. If there
is a wide horizontal cut, then the rate
will not be reduced, but there is a
possibility that the situation will be
met by reducing both some hat.
Reduction is made postsible by the
cieci»;on of th? General Assembly to
do away with the 15-cent ad valor
em tax for the support of schools,
which was levied against the coun
ties last year. Last year the tax rate
in Moore county was 71 cents. With
the ad valorem tax off, a rate of 50
cents might normally be expected this
year, all other things being equal.
Whether or not they will be equal
remains to be seen. Some cuts in
county government operation have
bt^n made during the past year and
it may be possible that the rate will
rellect these savings. On the other
hand, extraordinary expenses may oc
cur due to the general condition of
the times which may keep the propor
tion about on the 56-cent level. Of
course the horizontal cut in either
valuation or rate will alter the fig
ures but the proportion is bound to
come out about the same if the county
budget is to be balanced.
Prizes Offered For
Neatest Gas Stations
Anonymous Giver Offers Mon
ey Awards Through S. P.
Chamber of Commerce
Fifty dollars will be paid to the
filling station operator or owner
North Carolina there seems to be no | Reineckes to Erect
prospect of a new deal from the ^
present administration. The same co-1
lossal structure of State government I Property on Pennsyl-
is to be maintained and new sources | Avenue Near Broad
of taxes and increased rates are be-, ^ireeU Southern Pines •
ing resorted to in order that the vast! '
General admission will be 40c.! at this time there is a big stock of
jseed, feed and fertilizer on hand. | ; within a radius of five miles of South-
j effort is made to cut prices or to sell Report Current Producers Mayi^^^ „ u.,„:
TTi -ij- k-heap materials. Each bag of seed,! Move Nearer Metropolitan
New Office Building : feed or fertilizer which goes through Area Than Hollywood
this organization has to come up to ' ——.
a standard that can be recommended: Hearing upon good authority that
army of public employees may be
kept on the payrolls.
“The situation in North Carolina is
Reinecke & Company,
contract
ing firm, plans to erect an office
building for its own uses in the near
rapidly approaching the point where, ^.j^sed a deal
for the purchase of a lot on Penn
sylvania avenue immediately back of
the office of Dr. E. W. Bush on the
corner of Pennsylvania and East
the people will have to engage in a
death • struggle with the organized
minorities which have so far been
successful in dictating the policies of
our State government. In the last
election there was every evidence that
a large part of the voters are in
revolt against the political powers
that have ruled the State during the i
(Please turn to page 8)
GEORGE H. RICHARDSON
WEDS IN WASHINGTON, D. C.
Word was received^ in Southern
Pines this week of the marriage on
Monday in Washington, D. C., of
George H. Richardson, son of Sam
uel B. Richardson, former mayor of
Southern Pines, and Miss Dorothy
Holmes of Washington. Young Mr.
Richardson has been engaged in bus
iness in the capital for several years
and the youthful couple are planning
to make their home there after a
brief honymoon.
Broad street. The lot has a 35-foot
frontage on the avenue and is 65 feet
deep. It adjoins the Men’s Clubs ro-
que courts. Dr. Bush sold the prop
erty through S. B. Richardson. A
two-story office building is planned.
RELIEF FOR QUARTER OF
MOORE COUNTY FAMILIES
Slightly more than one-quarter of
the families of Moore county were
aided by relief funds during the
month of February, according to fig
ures of the Governor’s office of relief
in Raleigh. This is about the average
over the state. A total of 164,000
families were aided in the state in
Febi-uary. The Moore county figures
was 27.4. The percentages in the in
dividual counties of the state varied
all the way from 8.3 in Pasquotank to
57.8 in Duplin.
by the State College through exper-; there was a likelihood of the motion
iments. All fertilizer handled is open, picture producing industry removing
formula goods, or in other words one Hollywood, California, direc-
will be told, if one cares to know, the. tors of the Southern Pines Chamber
exact number of pounds of each ma- of Commerce at a meeting yesterday
terial that t^es into a ton of this ^ discussed a plan to extend an invita-
fertilizer, and from what sources the! t>on to some of the leading produc-
nitrogene, potash and phosphate | ei's, to come to Southern Pines, point-
come. This is very important and is' **^g out to them the features of this
one thing that every Ifarmer who , section which appear to meet the ob-
buys fertilizer should demand to ! J®ctions to the California city, prin-
know. All fertilizers should be bought j proximity to New ^ork. R. t.
on the basis of quality and not on ! Potts is chairman of a committee to
pj.j(;eg I see what may be done toward inter-
A complete line of feeds of all, esting the movie magnates in the
kinds is also being carried and will' Sandhills.
be kept in stock at all times. This The Raleigh News & Observer yes-
consists of dairy feeds, poultry feeds, I terday said: “It is understood from
hog feeds, etc. All this feed also is i authoritative sources that the bank-
put out under the State College for- i ing interests are demanding that the
mulas and made of North Carolina producers locate somewhere on the
ingredients. | eastern seaboard. Southern Pines,
A good stock of grass seed has | with its mild climate, abundance of
been carried but as the season is j sunshine and closeness to the metro-
pretty well along this stock is get-; politan areas is considered a very de-
ting low. ; sirable location.”
Membership in this organization,
costs one dollar, but if you do not TOWN CAUCUS IN VASS
become a member of the organization
ern Pines whose place of business is
the best planted, displays the fewest
signs and has the most approved san
itation on April 1st next. A check for
$25.00 goes to the second best, $10.00
each to the third and fourth and $5.00
to the fifth.
This offer, made anonymously, was
announced at the meeting of directors
of the Southern Pines Chamber of
Commerce yesterday by Struthers
Burt, who stated that the donor re
quested the chamber supervise the
contesi and appoint judges to make
the awards next April. In addition to
the money awards, a diploma will be
presented to each winner by the
Chamber of Commerce showing the
filling station to have won one of
the prizes
you may make purchases through the
Mutual Exchange and get the benefit
of the prices. All profits made by this
organization above actual operating
expense will be turned back to the
A caucus for the purpose of nom
inating a mayor and commissioners
for the election in Vass on May 2nd
will be held in the Junior hall next
Monday night, April 10th at S o’clock.
ORLANDO BOYS’ BAND
TO PLAY HERE FN JULY
The Orlando, Florida, Boys’ Band,
which entertained residents of this
section two years ago when a con
cert was ^iven in Southern Pines,
will be here again this summer,
Shields Cameron, secretary of the
Southern Pines Chamber of Com
merce reported to the members 'at
their meeting yesterday. It is expect
ed that the band wiH come the first
week of July and will play at a base
ball game in the afternoon and gi.-e
a concert in the city park that even
ing.
/